Bay First-Time Homebuyer Report for October

Bay is a small neighborhood in Springfield with a population of 113 residents. Also, it has a much higher than average density with 12,319.6 people per square mile. Bay is made up of homes that are older than most with a median of 73 years. The best school in the neighborhood is Margaret C Ells.

Price Range

The median value of homes in Bay is $134,300, making the area almost identical to others in Springfield. At the same time, the average list price of available homes is presently $82,974. The Bay market saw sales remain flat this week with one home sold over the last 30 days but new listings tumbled to two.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Bay:

$105K   $119K   $184K  

Typical Dwelling

A three-bedroom detached home valued around $77,883 is considered a typical dwelling in Bay. If a buyer was looking for a similar home, they would need good credit and a $15,577 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $508 and the property tax rate is $15.64 per $1,000 of taxable assessed value.

Get started right now by checking out Bay homes for sale or reviewing Bay real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Coldwell Banker Residential Brokerage - Chicopee
1 review
Keller Williams Realty
Snapped 1 home in this area
Keller Williams Realty
Snapped 1 home in this area

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